Weegy: A target market is a group of customers that the business has decided to aim its marketing efforts and ultimately its merchandise towards.[1] A well-defined target market is the first element to a marketing strategy. [ The target market and the marketing mix variables of product, place(distribution), promotion and price are the four elements of a marketing mix strategy that determine the success of a product in the marketplace. ] (More)

Weegy: AThese success factors can be also used by development assistance agencies, foundations and venture capitalists to help determine the likelihood that an enterprise will succeed, [ and so guide decisions about levels of investment and support.
If these eight success factors are in place, an enterprise is more likely to attract the necessary investment and financing to get the enterprise up and running. Using key performance indicators to monitor and report achievements will also help to gain the confidence of prospective investors. The full report can be found at
Critical success factors and performance measures for start-up social and environmental enterprises
The success factors are:
1. Leadership Within all start-up enterprises there is a dominant leader who helps coordinate the enterprise and enables those involved to develop and function through the many stages of development required for success.
Leaders or coordinators need to be able to work among all sectors (or types of partners) from understanding the business aspects to building support at the community level, to negotiating with government actors and markets. They also must need to have a keen understanding of cross-sectoral issues and constant attention to securing private and/or public investments.
Being able to deal with governments is an important part of leadership. The ability to weave through bureaucracy, work with different ministries and levels of government and to enable these actors to support the enterprise is a skill that leaders have had to develop or bring to play.
While a good leader is important, spreading these skills and responsibilities among those involved with the enterprise is important for long term sustainability, should there be a change in leadership ] (More)

Entrepreneurs with a strong internal locus of control tend to:AnswerSelected Answer: be unwilling to accept personal responsibility for their actions.Correct Answer: feel that the success or failure of their companies are largely the result of their own actions and decisions.Question 45 out of 5 points

People with a(n) _____ have a strong sense of personal responsibility for what happens in their lives.AnswerSelected Answer: internal locus of controlCorrect Answer: internal locus of controlQuestion 55 out of 5 points

For research purposes, the Small Business Administration (SBA) defines small business as companies with up to _____ employees.AnswerSelected Answer: 500Correct Answer: 500Question 65 out of 5 points

_____are small segments within a market that can offer profit potential to entrepreneurs who know how to serve them.AnswerSelected Answer: Market nichesCorrect Answer: Market nichesQuestion 70 out of 5 points

The majority of new small business owners rely heavily on _____ to finance their start-ups.AnswerSelected Answer: loans from commercial banksCorrect Answer: personal sources, including family, friends, and credit cardsQuestion 80 out of 5 points

_____ provide funds to small businesses with high growth potential in exchange for a share of ownership in the company.AnswerSelected Answer: Small Business Development CentersCorrect Answer: Venture capitalistsQuestion 95 out of 5 points

Over the last decade, small business created _____ of net new jobs in the United States.AnswerSelected Answer: 60-80 percentCorrect Answer: 60-80 percentQuestion 100 out of 5 points

The _____ is supported by the Small Business Administration and provides comprehensive counseling for small businesses.AnswerSelected Answer: Entrepreneurial Services CouncilCorrect Answer: Service Corps for Retired ExecutivesQuestion 110 out of 5 points

The auditor’s _____ indicate(s) whether the firm’s financial statements are prepared and presented in a way that is likely to fairly represent the firm’s financial condition.AnswerSelected Answer: letter to the CEOCorrect Answer: opinionQuestion 125 out of 5 points

The _____ budget deals with the firm’s plans for investing in major fixed assets and long-term projectsAnswerSelected Answer: capitalCorrect Answer: capitalQuestion 135 out of 5 points

_____ is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization.AnswerSelected Answer: AccountingCorrect Answer: AccountingQuestion 145 out of 5 points

The major output of financial accounting is a set of statements including the:AnswerSelected Answer: general journal, cash budget, and capital budget.Correct Answer: balance sheet, income statement, and statement of cash flows.Question 170 out of 5 points

According to the _____ method of accounting, revenues are recognized when they are earned and payment is reasonably assuredAnswerSelected Answer: managerialCorrect Answer: accrualQuestion 180 out of 5 points

The _____ budget brings together all of the firm’s budgeting documents to provide a unified plan for the a specific budget period.AnswerSelected Answer: operatingCorrect Answer: masterQuestion 195 out of 5 points

An auditor issuing a(n) _____ has uncovered serious and widespread problems with the preparation of a firm’s financial statements.AnswerSelected Answer: adverse opinionCorrect Answer: adverse opinionQuestion 205 out of 5 points

_____ is a technique used by managerial accountants to assign product costs based on links between activities that drive costs and the production of specific products.AnswerSelected Answer: Activity-based costingCorrect Answer: Activity-based costingSunday, November 18, 2012 8:17:28 PM ESTOK